Macau

Asia’s casinos may face growing pressure from their banks as efforts to combat global money laundering increase, adding another level of scrutiny, compliance experts say.

 

Asia’s casinos may face growing pressure from their banks as efforts to combat global money laundering increase, adding another level of scrutiny, compliance experts say. Operators in the major gaming jurisdictions in the region are already facing increased regulation, with Macau introducing new rules in 2016 and the Philippines taking steps to bring the gaming industry under AML legislation for the first time.



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The Macau Jockey Club says it intends to pursue the government for a concession renewal of more than just two years.

21 people were arrested last week in Hong Kong for the falsification of concrete compression test results relating to the construction of the Hong Kong-Zhuhai-Macau Bridge.

Visitor arrivals to Macau in April increased 11 percent year-on-year to 2.7 million, according to information from the Statistics and Census Service (DSEC).

Casino operator Wynn Macau is reportedly being taken to court by a former Pagcor official, disputing the results of a 2011 report naming him and his wife as beneficiaries of an “improper relationship” between Kazuo Okada and Pagcor officials in 2008 and 2009.

Zitro presented its wide range of products adapted to Asia at G2E Asia this year, composed of its new Video Bingo products and also, for the first time, by its Video Slots Bryke.

Golden Race proved a “big hit” with delegates at the 11th annual Global Gaming Expo Asia, after presenting its new ONLINE platform in Macau.

While recent headlines are a reminder of Macau’s susceptibility to policy risks, the impact is minimal over the long term, said Bernstein in a Tuesday note.

With the upcoming dragon boat festival holidays, Bernstein analysts believe Macau’s gross gaming revenue may stay strong until the month’s end.

Total visitor spending in Macau amounted to MOP 13.5 billion (US$1.7 billion) in the first quarter of 2017, representing an increase of 16.6 percent year-on-year, according to data from the Statistics and Census Service (DSEC).

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